Treasuries Close Roughly Flat After Early Move To The Upside

Treasuries saw further upside in early trading on Friday but gave back ground over the course of the trading session. Bond prices pulled back off their early highs and spent the rest of the day lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a […]

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Can Apple Be the Next Big AI Stock?

Apple is making significant investments in artificial intelligence (AI), allocating millions of dollars daily to developing AI models across multiple teams. The tech giant expects these tools to challenge other prominent AI models, including those offered by OpenAI and Google. Apple’s Controversial AI Unit According to a recent report from The Information, Apple’s conversational AI unit, known as “Foundational Models,” […]

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2 Earnings Reports Due Monday, August 28

Two notable earnings reports are scheduled for release Monday, one before U.S. markets open and one after they close. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of dollars. Companies marked with an […]

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South Carolina's top court upholds state's 'heartbeat' abortion ban

(Reuters) – South Carolina’s highest court on Wednesday upheld a new state law banning abortion after fetal heart activity is detected, usually around six weeks of pregnancy, months after it blocked a similar ban.FILE PHOTO: South Carolina Republican state senator Katrina Frye Shealy debates a six-week abortion ban at the state legislature in Columbia, South Carolina, U.S. May 23, 2023. […]

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Nvidia & 2 Other AI Stocks You’ll Regret Not Buying Soon

Nearly three months after joining the trillion-dollar club, NVIDIA Corporation NVDA is minting more money than ever. One of the world’s largest chipmakers saw its revenues more than double in the fiscal second quarter, banking on the unparalleled demand for chips needed to run artificial intelligence (AI) applications. For instance, Nvidia’s A100 AI chips are required to operate OpenAI’s ChatGPT […]

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These 3 Large-Cap Pharma Stocks Have Been Red-Hot

Large-cap pharmaceuticals have displayed relative strength over the last month, seeing notable buying pressure. And three stocks from the realm – AbbVie ABBV, Novo Nordisk NVO, and Eli Lilly LLY – have been notably hot, all outperforming the S&P 500 handily during the period. For those interested in riding the recent momentum, let’s take a closer look at how each […]

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Energy Transfer Insider Spends $39 Million on More Shares

Executive Chair Kelcy Warren of Energy Transfer L.P. (NYSE: ET) acquired 3 million shares of the company’s common units in three purchases over the three trading days through Monday. Warren, who is also a co-founder of the company, now owns approximately 64.6 million ET common units, valued at nearly $840 million based on a Tuesday morning price of $13.01. Energy […]

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Monday’s Top Analyst Upgrades and Downgrades: Aflac, Datadog, Dynatrace, Farfetch, Lumentum, Marvell Technology, Trade Desk, Wayfair, XPO and More

The futures were trading higher across the board Monday after a wild week on Wall Street that saw some big-time risk-off selling. The major indexes closed mixed on Friday, with the Dow Jones industrials and the Russell 2000 scratching out meager gains while the S&P 500 and the Nasdaq closed lower. The Nasdaq loss resulted in the third consecutive losing […]

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